If you think that the current economic crisis is something that has never
happened in history before, you may be wrong! After the collapse of the
agriculture sector in Zimbabwe in 2000, the inflation in that country
skyrocketed to 231 million percent a year! Just think about it - 231 000
000%! Unemployment went up to 80% and a third of country’s population
left it.

Zimbabwe’s inflation rate has soared in the past three
months and is now at 11.2 million percent, the highest in the
world, according to the country’s Central Statistical Office.

“While our case has been aggravated by the illegal sanctions imposed
by the Western powers, rising food prices are a world
phenomenon because of the use of bio-fuel,” said Samuel Mumbengegwi.
“But we will continue to fight inflation by making sure that prices charged are
realistic.”

In February, the price of a loaf of bread in the country was less than
200,000 Zimbabwe dollars. On Monday, that same loaf of bread cost 1.6
trillion Zimbabwe dollars.”

Let`s now have a look at the photos that you may not be able to see anywhere
else in the world.

Here is a boy getting change in 200 000 dollar notes!

One 200 000 dollar note equals less than $0.10 cents.

December 22nd, a new note of 500 000 dollars introduced to the market!

Next - 750 000 dollars.

January - new note of 10 million dollars.

This US $10 dollar note is 10 times worth more than the 10 million dollars
Zimbabwe note.

A case worth 65 billion Zimbabwe dollars which equals to $2000 US
dollars.

This guy is going to a supermarket. The exchange rate is 25 million Zimbabwe
dollars for 1 US dollar.

This mountain of cash is worth $100.

50 Million note is then introduced!

Next is 250 million dollars note!

Sorry, how much is this t-shirt?

- It`s cheap, only about 3 billion dollars!

May - a note of 500 million dollars is introduced!

June - note worth 25 and 50 billion are printed.

And finally - 100 billion dollars note!

What can you buy for it? Well, these 3 eggs for example.

Thats how people went to restaurants!

And the bills:

In August, the government devalued Zimbabwe dollar by removing 10 zeros from
notes.

However, inflation kept going up and in September for this amount of cash you
could only buy 4 tomatoes.

116 Responses to “Global Crisis? This is the real crisis!”

[...] any period of time- even with plenty of ‘money’ - the first would
likely just add an extra digit or two to the nominal lack of affordability.
Energy and natural resources are what we have to spend - in [...]

[...] any period of time- even with plenty of ‘money’ - the first would
likely just add an extra digit or two to the nominal lack of affordability.
Energy and natural resources are what we have to spend - in [...]

[...] for any period of time- even with plenty of ‘money’ -the first would
likely just add an extra digit or two to the nominal lack of affordability.
Energy is what we have to spend - in the long run a transfer [...]

[...] for any period of time- even with plenty of ‘money’ -the first would
likely just add an extra digit or two to the nominal lack of affordability.
Energy is what we have to spend - in the long run a transfer [...]

[...] for any period of time- even with plenty of ‘money’ -the first would
likely just add an extra digit or two to the nominal lack of affordability.
Energy is what we have to spend - in the long run a transfer [...]